Don't look now, but France just turned hard to the left and could take the US Dollar down with it.
Monday, May 7, 2012
Video: New French Presidents Wants End to Dollar Era, Will Clash With US
Labels:
decline of dollar,
France
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What's Behind the Decline of the US Dollar?
This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.
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